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| ▲ Incheon International Airport, west of Seoul, is crowded with vacationers on July 27, 2025. (Yonhap) |
overseas card spending-tally
Overseas card spending hits record high in 2025 on rising travel demand
SEOUL, Feb. 25 (Yonhap) -- South Koreans' overseas card spending reached an all-time high in 2025, driven by increased overseas travel and cross-border purchases, data showed Wednesday.
The amount of money spent abroad by South Koreans using credit and debit cards totaled US$22.91 billion last year, up 5.5 percent from a year earlier, according to the data from the Bank of Korea (BOK).
"Demand for overseas travel has increased, while cross-border online shopping, such as direct overseas purchases, app store spending and subscription payments, has also expanded," a BOK official said.
The number of outbound travelers advanced 3 percent on-year to 29.55 million last year.
Overseas direct purchases via credit cards increased 1 percent from a year earlier to $5.98 billion in 2025.
By card type, spending with credit cards and debit cards gained 1.3 percent and 15.7 percent on-year, respectively, the data showed.
Meanwhile, non-residents' card spending in South Korea climbed 18.2 percent on-year also to a record high of $14.08 billion.
"Visits by foreign travelers increased significantly amid the popularity of Korean culture, which led to a rise in their card spending here," the BOK official said.
graceoh@ya.co.kr
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